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The Latest Breaking News from Credit Suisse

Several Analyst Firms Cut Rockwell Automation Price Target After Q1 Results

Analysts lowered the price target for Rockwell Automation (NYSE:ROK) after the Q1 results. JPMorgan analyst Stephen Tusa lowered the price target to $220 from $225 and kept an Underweight rating. Tusa sees an "expensive stock getting too much credit for its realistic growth potential." He expects consensus estimate cuts and a deceleration in Rockwell's growth…

Benzinga

Credit Suisse Downgrades This Cleaning Products Manufacturer - Read Why

Credit Suisse analyst Kaumil Gajrawala downgraded Clorox Co (NYSE:CLX) to Underperform from Neutral with a $160 price target. The analyst thinks a large portion of Clorox's growth during the first phase of the pandemic came from categories that are now declining. If consumption continues to revert toward pre-pandemic levels, $500 million in company sales may…

Benzinga

Credit Suisse warns of trading slowdown and legal costs

CREDIT Suisse, the Swiss bank reeling from the sudden departure of chairman Antonio Horta-Osorio, issued a profit warning today related to legal costs.

Evening Standard

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Credit Suisse Cuts Cloudflare Price Target By 32%

Credit Suisse analyst Phil Winslow upgraded Cloudflare Inc (NYSE:NET) to Outperform from Neutral with a price target of $140, down from $205, implying an upside of 49%. Winslow sees Cloudflare sustain significant revenue growth, within the high 40% to +50% range, for multiple years. Winslow's expectations grew from differentiated serverless architecture, efficient and rapidly expanding…

Benzinga

Credit Suisse boss at Euros on same day he allegedly broke rules to attend Wimbledon

António Horta-Osório resigned last week after bank looked into alleged repeated breaches of Covid rules

The Guardian - UK

CEOs now must make money and save the world

Sir António Horta-Osório has resigned at Credit Suisse after reportedly breaking lockdown rules to visit Wimbledon. His departure as chairman after nine months is surprising in some ways but in banking, he isn’t alone. Jes Staley quit Barclays last year over his historic relationship with Jeffrey Epstein. In 2020, Credit…

Evening Standard

Credit Suisse turns to a Swiss candidate to repair its reputation from latest mishap

Credit Suisse turned to a Swiss candidate for the second time in two years for a top role at the bank as it struggles to repair its reputation after a series of trading and personnel scandals, writes Bloomberg.

Evening Standard

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Who is Antonio Horta-Osorio, the ex Lloyds chief ousted from Credit Suisse over Covid rules

Antonio Horta-Osorio, the former boss of Lloyds Banking Group, has made headlines after allegedly breaking coronavirus restrictions and subsequently resigning as chairman of Swiss bank Credit Suisse.

Evening Standard

Who is banking boss Antonio Horta-Osorio?

The former Lloyds boss has made headlines by resigning from his role at Credit Suisse after allegedly breaking coronavirus rules.

The Independent UK

Credit Suisse chairman resigns after internal investigation

Credit Suisse says its chairman has resigned following an internal investigation that reportedly turned up that he had violated quarantine rules intended to fight the COVID-19 pandemic

The Independent UK

Antonio Horta-Osorio: The Swiss knife always loomed for former Lloyds Bank boss at Credit Suisse

City Comment: Another Credit Suisse outsider is on his way

Evening Standard

Credit Suisse boss Horta-Osorio quits over Covid breaches

Banker breached quarantine rules to attend Wimbledon tennis tournament

The Independent UK

Latest COVID updates: Canada approves Pfizer COVID pill

COVID news from January 17: Canada authorises pill for adults with mild, moderate COVID who are at high risk.

Al Jazeera

FTSE 100 Live: Unilever latest on Glaxo swoop, Credit Suisse boss quits, China GDP

Shares in Marmite maker Unilever are sharply lower after it made an audacious swoop for GlaxoSmithKline's consumer healthcare arm.

Evening Standard

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The Guardian - UK

India’s Modi calls for global approach to tackle crypto; FTSE 100 at two-year high – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Former Lloyds boss Horta-Osorio quits Credit Suisse after investigation

Antonio Horta-Osorio received a knighthood in the Queen’s Birthday Honours list for services to the financial sector and mental health.

Evening Standard

Struggling Credit Suisse ousts chairman Antonio Horta-Osorio after Covid quarantine probe

Credit Suisse Group’s chairman Antonio Horta-Osorio resigned after just nine months in the role, following a series of missteps including reported breaches of Swiss and UK quarantine rules that eroded confidence in his leadership (Bloomberg).

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